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Fact Sheet: The ERAF Property Tax Shift

Fact Sheet: The ERAF Property Tax Shift

www.californiacityfinance.com

Fact Sheet: The ERAF Property Tax Shift In 1992, the State of California found itself in a serious deficit position. To meet its obligations to fund education at specified levels under Proposition 98, the state enacted legislation that shifted partial financial responsibility for funding education to local government (cities, counties and special

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